Kenton (2021) tells us that net income is calculated as sales minus cost of goods sold, selling, general and administrative expenses, operating expenses, depreciation, interest, taxes, and other expenses. It is a useful number for investors to assess how much revenue exceeds the expenses of an organization. This number appears on a company's income statement and is also an indicator of a company's profitability. Do you have to wait until the operating cycle is complete before you can measure income using the accrual basis of accounting? Please explain.